PLZ. GUIDE ME
My Assessee , who is a company, whose turnover for the F.Y. 2007-08 (A.Y. 2008-09) is 100 lacs , gets his accounts audited on 10-10-08. but he forgot to e -file the income tax return. Later on he e-file the ITR on 10-8-2009.
I want to know about the penalties he may face
1. Late filing of ITR after the close of A.Y. 31.03.2009 OF Rs 5000/-
2. Late filing on Audit Report u/s 271B ( however it is not to be attached with the e-filing of ITR.)